Press Releases FDIC Makes Public January Enforcement Actions One Administrative Hearing Scheduled
FOR IMMEDIATE RELEASE
March 7, 2007
Frank Gresock (202) 898-6634
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in January. One administrative hearing is scheduled for March.
The FDIC processed a total of six orders in January. These included five civil money penalty orders and one cease and desist order.
Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 3501 N. Fairfax Drive, Room E-1002, Arlington, VA (telephone 703-562-2200 or 877-275-3342). To view all orders online, visit the FDIC's Web page at http://www.fdic.gov/bank/individual/enforcement/index.html. A list of orders made public today follows.
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i) (Civil Money Penalties)
In the Matter of First Community Bank of Crawford County, Van Buren, AR; FDIC-05-054j; Disapproval of Notice of Change in Control Proceeding
March 19, 2007, 9:00 am.
United States Bankruptcy Court
Courtroom Number 1, 1st Floor
300 W. Second Street
Little Rock, AR 72201
Richard Ott, Senior Attorney (Memphis Area Office), Stephen Zachary, Senior Attorney (Dallas Regional Office)
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,681 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars - insured financial institutions fund its operations.